Small Cap Wrap: Omega— one to watch, New recent highs for Summit, Reach into Trap
This week: Omega— one to watch, New recent highs for Summit, Reach into Trap
A 5% increase in the FTSE 100 together with a 3% improvement in the AIM All Share was welcome news, perhaps in part helped by news last week that European banks were planning to club together in helping Greece by potentially allowing it more time to repay its debts. UK manufacturing data released last week did little to stop the progress of the markets with growth having slowed in June to its lowest rate for more than 18 months, though the previously announced 0.5% expansion of the UK Economy is likely to have helped this as has UK service sector growth. The week ahead will see the BoE announce their interest rate decision which is widely predicted to remain at 0.5%, despite inflation at 4.5%, together with UK producer price data and UK industrial production figures.
Access Intelligence (LON:ACC) (ACC 3.5p / £9.00m)
Access Intelligence, a leading supplier of compliance Software-as-a-Service solutions for the financial services, procurement and media sectors, this week announced the sale of its subsidiary, Solcara, to Thomson Reuters for £2.5m. Solcara sells search technology to the legal profession and in-house legal teams and in the year to 30 November 2010 had sales of approximately £750,000 on which it generated a small profit. The Company also updated the market on trading for the six months 30 May 2011. Most of the group has been trading in line with expectations with Due North Ltd and AIMedia Communications Ltd in particular having had a successful first six months. During the first six months the company has completed the restructuring of its capital base creating positive revenue reserves in the parent company allowing it to pay dividends in the future. The group cash balance at 30 May 2011 was approximately £2.7m which will, following completion of the disposal of Solcara, increase to approximately £5m.
AFC Energy (LON:AFC) (AFC 44.5p / £77.14m)
AFC Energy, a developer of low cost alkaline fuel cells announced that it continues to make good progress. It has completed the first stage of its Beta alkaline fuel cell system where it has made significant progress on completing the hazard and operability study (HAZOP) and has incorporated the emerging improvements from that study into its first system. Once the HAZOP study is successfully complete, AFC remains on track to deliver its commercial scale Beta system.
Marine Fuel Cell - News
AFC Energy, a developer of low cost alkaline fuel cells announced that it continues to make good progress. It has completed the first stage of its Beta alkaline fuel cell system where it has made significant progress on completing the hazard and
FuelCell Energy Inc. promoted long-time controller Michael Bishop to chief financial officer at the Danbury alternative-energy equipment maker. Bishop, who had been vice president, was also promoted to senior vice president.
Boat flares are tough to see during daylight hours. Smoke flares are preferred. Have a marine radio on board too, he added. "A cell phone is not adequate. It's very difficult for the Coast Guard to pinpoint your location with a phone.
The Marine Corps is looking at ways to expand its hydrogen fuel technology, in such areas as powering forklifts, using a hydrogen fuel cell to extend the range of electric vehicles and using stationary generators powered by hydrogen fuel cells to
Many companies are working on solutions for practicable fuel cell systems as an efficient replacement for diesel generators. Germanischer Lloyd envisages fuel cell solutions could be available in 2020 at the earliest. The Seatrade Europe Cruise & River
Singapore invests in marine fuel cell research
November 29, 2010
Singapore invests in marine fuel cell researchSingapore is investing up to Singapore $6 million (US$ 4.5 million) in maritime fuel cell research.
The Maritime and Port Authority of Singapore (MPA) and Temasek Polytechnic (TP) have signed a Memorandum of Understanding launching a new Maritime Fuel Cell Research Initiative as part of joint efforts to promote greener shipping in Singapore.
The aim is to seed and encourage projects that will yield improvements and breakthroughs in the use of fuel cell and other technologies. The projects will focus on research, development, test-bedding and eventual commercialization of fuel cell applications and other technologies for the maritime industry.
Co-funded by MPA's Maritime Innovation and Technology (MINT) Fund and TP, research grants of up to S$4 million (US$3.03 million) and S$1 million (US$757,000) will be contributed by MPA and TP respectively over a three-year period. MPA and TP will also work towards securing industry co-funding of up to S$1 million.
Temasek Polytechic's Fuel Cell Community was established in March 2007 and its Clean Energy Center (CEC) has become the focal point for fuel cell technology applications and solutions in Singapore.
The MOU identifies two research projects. The first project is to testbed fuel cell as auxiliary power in vessels, and the second is to develop an automated process of supplying continuous clean power to underwater systems and devices, such as Autonomous Underwater Vehicles (AUVs), submerged acoustic devices and underwater data logging instruments.
Marine Fuel Cell - Bookshelf
Marine propulsion, papers presented at the winter annual meeting of the American Society of Mechanical Engineers, New York, New York, December 5-10, 1976
HIGH ENERGY DENSITY MARINE FUEL CELL SYSTEMS1 HB Urtneh «nd JA Wo*mtr Oavid W. Taylor Naval Ship Reward! and Development Center Annapolis, Maryland ABSTRACT ...World fuel cells, an industry profile with market prospects to 2010
Palcan plans to demonstrate with Celco a fuel cell-powered electric scooter in the autumn of 2002. 4.1 .5 Marine Applications There have ...Marine Technology Society journal
The Society of Naval Architects and Marine Engineers. Baumert, R. and Epp, D. 1993. Hydrogen Storage for Fuel Cells Underwater Vehicles. ...2003 assessment of the Office of Naval Research's Marine Corps Science and Technology Program
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